Cardano (ADA) price has broken below a key support level, signaling strong bearish momentum.
The price failed to hold above $0.85 and has dropped below $0.76 leading to further downside risks.
Investors are monitoring price movements to assess further developments.
Cardano price Drops Below $0.85 as Selling Pressure Increase
Analysis by WingHaven’s confirms that Cardano price has broken down from a symmetrical triangle pattern on the four-hour chart.
The breakdown indicates that sellers remain in control, pushing the price lower.
The 50-period Exponential Moving Average (EMA) at $0.85 now acts as resistance, limiting recovery attempts.
ADA price remains below critical trendlines, reinforcing bearish sentiment.
The next immediate support is at $0.76, a level that has held in previous trading sessions.
If selling pressure persists, ADA price could decline further, with the next target set at $0.68.
Source: WingHaven, X
Sellers Maintain Control as Support Levels We
We współpracy z: https://www.thecoinrepublic.com/2025/03/09/cardano-price-breaks-key-support-drops-below-0-76/
